$NVIDIA(NVDA.US)The recent correction makes Nvidia more interesting heading into its 17 November earnings. However, I wo…
$NVIDIA(NVDA.US)The recent correction makes Nvidia more interesting heading into its 17 November earnings. However, I would be cautious about assuming the bottom is in. The key will be whether management can reaffirm strong forward guidance and sustained AI demand.
The fundamentals remain compelling, but the market needs reassurance that AI spending growth is sustainable. The upcoming earnings could be a major catalyst for the next move.
I’ve started building a position on the recent dip, hoping to catch a technical rebound ahead of earnings. That said, I’m mindful that this could be a volatile trade, especially if guidance disappoints or broader market sentiment remains weak.
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